E-tender No. - RBI/Central Office/DOC/7/20-21/ET/337 Please refer to the RFP notice for the captioned RFP published on the RBI Website on December 03, 2020 inviting application from bidders shortlisted during EOI stage, through e-tender on MSTC Portal (https://www.mstcecommerce.com/eprochome/rbi/). 2. The following sections have been revised and the modified provisions are tabled below: Sr. No. | Section | Existing Provision | Modified Provision | 1 | Warranty Pay-outs (8.3 Page 112) | Amount payable during the warranty period, following successful implementation of application, will be paid on completion of warranty period of three (3) years. | Amount payable during the warranty period, following successful implementation of application, will be paid at the end of every quarter for three years, subject to meeting expected service levels during the quarter. | 2 | AMC Pay-outs (8.4 Page 112) | The annual amount payable towards AMC would be paid at the end of every year following successful implementation of the application and delivery of satisfactory services. | The amount payable towards AMC would be paid at the end of each quarter for four years after the warranty period following successful implementation of the application and delivery of satisfactory services. | 3 | Software Cost (8.1 Page 110) | Reads as ‘8.1 Software Cost - Payment Milestones’ | ‘Software Cost’ heading is deleted and to be read as ‘8.1 Payment Milestones’. | 4 | Schedule (page 10) | Date & Time of Final Submission of Technical & Commercial Bids on the MSTC Portal: January 15, 2021; 15:00 hours. Date and Time of Technical Bid Opening: January 18, 2021; 15:00 hours. | Date and Time of Final Submission of Technical and Commercial Bids on MSTC Portal: January 28, 2021; 1500 hrs Date and Time of Technical Bid Opening: January 29, 2021; 1500 hrs | Note: All other provisions and terms and conditions of the RFP remain unchanged. | |